Compass, also known as Beidou, a Chinese global navigation system, will create a $61.54 billion market by the end of 2020.
China will launch some eight Beidou navigation satellites by 2012, a leading navigation satellite expert said here on Wednesday.
China will launch some eight Beidou navigation satellites by 2012, a leading navigation satellite expert said here on Wednesday.
Beijing Guozhiheng power sees huge market potential for beidou systems
China successfully launched its eighth Beidou (Compass) navigation satellite on Sunday, ensuring the basic system for its indigenous satellite navigation and positioning network is in place.
China early Sunday morning successfully launched its eighth orbiter which will form part of its indigenous satellite-navigation and -positioning network.
China will launch the eighth orbiter into space in "coming days" as part of its construction of an indigenous satellite navigation and positioning network.
A new Chinese global navigation system is expected to help China compete with other foreign GPS technologies, and could generate around 400 billion yuan ($60 billion) in revenues by 2020, a senior space technology expert has announced.
China's Beidou global navigation system is expected to generate revenues of about 400 billion yuan (60 billion US dollars) by 2020, a senior space technology expert said Saturday.
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